Second Lien Security Interest definition

Second Lien Security Interest shall have the meaning assigned to such term in Section 3.01.
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Second Lien Security Interest in all right, title or interest in or to any and all of the following assets and properties now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (but excluding any Excluded Collateral, collectively, the “Second-Lien Collateral”):
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Second Lien Security Interest. This includes other security interests even if junior in right to the security interests granted under this Agreement.
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Examples of Second Lien Security Interest in a sentence

  • Each of the Subordinated Note Purchasers appoints and authorizes Sankaty Advisors, LLC to act for the Subordinated Note Purchasers as the Second Lien Collateral Agent in connection with the granting of a Second Lien Security Interest in the Collateral as contemplated by this Agreement and the Collateral Documents on the terms set forth in the Collateral Documents.

  • No Person other than Secured Party and, with respect to the Second Lien Security Interest, Second Lien Creditor, has control over any Collateral.

  • Grantor has good and valid rights in and title to the Collateral, free and clear of all liens, security interests and other encumbrances (other than the Second Lien Security Interest [as such term is defined in Section 4.2 hereof]), and has full power and authority to grant to Secured Party the security interest in the Collateral.

  • Grantor will not sign or authorize the signing on its behalf of any financing statement naming it as Grantor covering all or any portion of the Collateral except for financing statements relating to the Second Lien Security Interest.

  • Western Sky’s transactions constitute on-reservation activity by a tribal member, and as such, state law cannot be applied.

  • No financing statement describing all or any portion of the Collateral has been filed in any jurisdiction other than those which reflect the security interest created by this Agreement or any financing statement now or hereafter filed with respect to the Second Lien Security Interest.

  • When financing statements have been filed in the appropriate offices against Debtors, the Secured Party will have a fully perfected security interest in that Collateral in which a security interest may be perfected by filing, subject only to the Credit Facility Security Interest, Second Lien Security Interest and Permitted Liens under (and as defined in) the Indenture.

  • The Supreme Court stated that “[i]t is fair to say [Supermax Facility] inmates are deprived of almost any environmental or sensory stimuli and of almost all human contact.” Id.Having determined that the inmates established a protected liberty interest, the Supreme Court turned to the question of what due process was owed to the inmates.


More Definitions of Second Lien Security Interest

Second Lien Security Interest means a valid and enforceable perfected security interest under the Uniform Commercial Code in the Collateral which is subject only to Permitted Liens; provided however that the Holders acknowledge that the security interest granted to Holders by the Obligors on the Non-Perfected Collateral shall not be perfected.
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Second Lien Security Interest and together with the First Lien Security Interest, the "Security Interest").
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Second Lien Security Interest means any Lien on the Second Lien Collateral granted in favor of the Collateral Agent for the benefit of the Second Lien Claimholders, including under Section 3(ii) of the Security Agreement.
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Second Lien Security Interest in the Collateral pursuant to that certain Security Agreement, dated as of the date hereof (the “Second Lien Security Agreement”), in favor of the Second Lien Agent (as defined in the Intercreditor Agreement); and
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Related to Second Lien Security Interest

  • Second Lien Security Documents means the “Security Documents”, as defined in the Second Lien Credit Agreement, and any other agreement, document or instrument pursuant to which a Lien is granted to secure any Second Lien Obligations or under which rights or remedies with respect to any such Lien are governed.

  • Second Lien Secured Parties means the Indenture Second Lien Secured Parties and the Additional Second Lien Secured Parties.

  • Priority Lien Security Documents means the Priority Credit Agreement (insofar as the same grants a Lien on the Collateral), each agreement listed in Part A of Exhibit B hereto, and any other security agreements, pledge agreements, collateral assignments, mortgages, deeds of trust, control agreements, or grants or transfers for security, now existing or entered into after the date hereof, executed and delivered by the Borrower or any other Grantor creating (or purporting to create) a Lien upon Collateral in favor of the Priority Lien Agent (including any such agreements, assignments, mortgages, deeds of trust and other documents or instruments associated with any Priority Substitute Credit Facility).

  • Second Lien Security Agreement means the Second Lien Security Agreement, dated as of the date hereof, among the Initial Borrower, the Parent Borrower, certain Subsidiaries of the Parent Borrower from time to time party thereto and the Second Lien Notes Collateral Agent, as amended, restated, waived, restructured, renewed, extended, supplemented or otherwise modified from time to time or as replaced in connection with any Refinancing, extension, refunding or replacement of the Second Lien Notes Indenture.

  • First Lien Security Documents means, collectively, (i) the Credit Agreement Collateral Documents and (ii) the Additional First-Lien Security Documents.

  • Priority Lien Secured Parties means the holders of Priority Lien Obligations and any Priority Debt Representatives.

  • First Lien Secured Parties means (i) the Credit Agreement Secured Parties and (ii) the Additional First-Lien Secured Parties with respect to each Series of Additional First-Lien Obligations.

  • First Lien Security Agreement means the “Security Agreement” as defined in the First Lien Credit Agreement.

  • Additional First Lien Secured Parties means the holders of any Additional First Lien Obligations and any trustee, authorized representative or agent of such Additional First Lien Obligations.

  • Additional First Lien Secured Party means the holders of any Additional First-Lien Obligations and any Authorized Representative with respect thereto, and shall include the Initial Additional First-Lien Secured Parties.

  • First Priority Secured Parties means the First Priority Representative, the First Priority Creditors and any other holders of the First Priority Obligations.

  • First Priority Documents means the First Priority Agreement, each First Priority Security Document and each First Priority Guarantee.

  • First Priority Lien Obligations means (i) all Secured Bank Indebtedness, (ii) all other Obligations (not constituting Indebtedness) of the Issuer and its Restricted Subsidiaries under the agreements governing Secured Bank Indebtedness and (iii) all other Obligations of the Issuer or any of its Restricted Subsidiaries in respect of Hedging Obligations or Obligations in respect of cash management services, in each case owing to a Person that is a holder of Indebtedness described in clause (i) or Obligations described in clause (ii) or an Affiliate of such holder at the time of entry into such Hedging Obligations or Obligations in respect of cash management services.

  • First Priority Lien means any Lien created by the First Priority Security Documents.

  • First Priority Obligations means, collectively, (i) the Credit Agreement Secured Obligations, (ii) each Series of Other First-Priority Obligations and (iii) any other First-Priority Hedging Obligations and First-Priority Cash Management Obligations (which shall be deemed to be part of the Series of Other First-Priority Obligations to which they relate to the extent provided in the applicable Other First-Priority Agreement).

  • Prepetition Secured Parties means the “Secured Parties” under, and as defined in, the Prepetition Credit Agreement, in each case as amended, modified or supplemented through the Petition Date.

  • First Priority Liens means all Liens that secure the First Priority Lien Obligations.

  • Term Loan Security Documents means the “Security Documents” as defined in the Term Loan Credit Agreement.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • Second Priority Debt Documents means the Initial Second Priority Debt Documents and, with respect to any series, issue or class of Second Priority Debt, the promissory notes, indentures, Collateral Documents or other operative agreements evidencing or governing such Indebtedness, including the Second Priority Collateral Documents.

  • Second Priority Secured Parties means the Second Priority Representative, the Second Priority Creditors and any other holders of the Second Priority Obligations.

  • Second Lien Loan Documents means the Second Lien Credit Agreement and the other “Loan Documents” as defined in the Second Lien Credit Agreement.

  • Second Priority Documents means each Second Priority Agreement, each Second Priority Security Document and each Second Priority Guarantee.

  • Prepetition Collateral shall refer to (i) all of the Borrower’s personal property upon which a security interest may be granted under the Uniform Commercial Code, (ii) all of the Borrower’s real property, (iii) all of the Borrower’s assets in or upon which a lien or other security interest has otherwise been granted in favor or for the benefit of the Prepetition Agent and the Prepetition Lenders in connection with, pursuant to, or under, the Prepetition Credit Agreement and the other Prepetition Financing Documents, and (iv) any of the Borrower’s assets otherwise held by the Prepetition Agent or any Prepetition Lender or otherwise provided to the Prepetition Agent or any Prepetition Lender as security for the Prepetition Indebtedness, in each case that existed as of the Petition Date or at any time prepetition and, subject to section 552 of the Bankruptcy Code, postpetition proceeds, products, offspring, rents and profits of all of the foregoing.

  • Second Priority Debt Obligations means the Initial Second Priority Debt Obligations and, with respect to any series, issue or class of Second Priority Debt, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Second Priority Debt, (b) all other amounts payable to the related Second Priority Debt Parties under the related Second Priority Debt Documents and (c) any renewals or extensions of the foregoing.

  • Foreign Security Documents means each security document set forth on Schedule 1.01E.